History
The Development of Double-Entry Bookkeeping in Renaissance Italy
Quick fact
The first printed book on double-entry bookkeeping was written by the mathematician Luca Pacioli, a friend of Leonardo da Vinci, and was part of a larger mathematics textbook published in 1494.
Why this is interesting
Have you ever wondered how a merchant in 1400s Venice could possibly keep track of thousands of transactions without a computer? The answer lies in a clever bookkeeping system that made the numbers always add up—and it's still used by every business today.